System: Second chance
Description:
Type of Trading: Real
Broker: HotForex
Started: Mar 13, 2015
Views: 18
Tracking: 1 users
Currency Pairs: GBPUSD
Essentials: The Second chance system has made 389 trades with an average winning trade of 48.99 pips / $7.26, the average losing trade around 0 pips / $0.00 and an average trade length of 5d.The best trade it ever had was (Sep 17) 91.1 in pips and the worst trade was – in pips.
It has won (209/209) 100% of its attempted buys and (180/180) 100% of its attempted sells.
Pros & Cons
Pros
Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Uses a potentially huge and dangerous stop loss.
- Prone to large drawdowns.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.
